Resilient Media Entertainment

Wednesday, May 2, 2012

Hi-Mart Resumes Trading, Will Proceed With Stake Sale

Korean electronics retailer Hi-Mart has escaped de-listing from the Korea Exchange (KRX). According to Reuters, the KRX has ordered Hi-Mart to complete a planned stake sales and make changes to improve corporate governance. The KRX will restart trading of the firms shares from the May 2. This move comes after trading of Hi-Mart shares was suspended April 16 after its top executives became embroiled in an embezzlement scandal.
CONTINUE AS YOU ENTER THE WORLDS @KOREAPE @resilient_ent #bennyquetell #resilient_ent